Cyta’s revenue exceeded €400m last year

Cyta’s revenue exceeded €400m last year

The Cyprus Telecommunications authority (Cyta), recorded revenues of €415 million and an expected pre-tax profit of €59 million for 2024, chairwoman Maria Tsiakka said on Monday. Speaking at a House finance committee meeting over the authority’s 2025 budget, she highlighted Cyta’s “significant contributions” to the national economy, saying that since 2000, it has transferred over €1.27 […]

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Hellenic Bank expresses support for Cyprus hospitality sector

Hellenic Bank expresses support for Cyprus hospitality sector

Hellenic Bank reaffirmed its commitment to Cyprus’ hospitality industry with its participation at the 46th Cyprus Hotel Summit and Horeca Expo in Limassol, where sector challenges and opportunities were brought to the forefront. The conference, organised by the Cyprus Hotel Association (Pasyxe), focused on innovation and growth, sending a strong message of optimism, resilience, and […]

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Cyprus to benefit from rapid gas development in Block 6, says professor

Cyprus to benefit from rapid gas development in Block 6, says professor

Natural gas production from Block 6 of Cyprus’ Exclusive Economic Zone (EEZ) could commence within 2 to 2.5 years, according to Constantinos Hadjistassou, Professor at the School of Sciences and Engineering, Department of Engineering at the University of Nicosia. Speaking to the Cyprus News Agency (CNA), Hadjistassou also highlighted the multiple benefits this development will […]

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Cyprus Business Now: weekly wrap-up

Cyprus Business Now: weekly wrap-up

Here are the top business stories in Cyprus from the week starting February 17: Kicking off the week, access to high-performance computing has long been a barrier for creative professionals, engineers, and businesses. However, LoLa Cloud PCs, founded by Cypriot entrepreneur Rogiros (Roger) Theophanous, is on a mission to change that. Theophanous explained that his company offers an innovative solution that […]

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Cambodia commits to sustainable agri investment at ASEAN RAI

Cambodia commits to sustainable agri investment at ASEAN RAI

The National Assembly Wednesday reaffirmed its commitment to sustainable agricultural investment, a pledge made at the ASEAN RAI Guidelines Review held in Kuala Lumpur, Malaysia, on February 18-19. With $130 million allocated under the Pentagonal Strategy to boost production, support small and medium-sized enterprises (SMEs), and modernise the sector—plus $4 million for agricultural technical support—Cambodia […]

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Elon Musk cos eye Cambodia as top investment destination

SpaceX – Starlink explores investment opportunities in Cambodia (VIDEO)

Cambodian Prime Minister Hun Manet received the visiting Managing Director at SpaceX – Starlink Rebecca Hunter at the Peace Palace yesterday. During the meeting, Rebecca Hunter briefed the Premier on the operations of SpaceX – Starlink services and highlighted that Cambodia is a high-priority destination for the company’s investment in 2025. Hunter also informed the […]

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